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20 Nov 2024
Brace Port Logistics Limited IPO And Its GMP
Brace Port Logistics Limited is a service-based logistics company primarily engaged in providing Ocean cargo logistics services to clients operating in the various sectors of the economy. They also provide various value-added services like Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivering the same in other foreign countries and customs clearance services.
Their company, group companies and holding companies have an extensive global network. They provide their services at a worldwide level where the company caters for clients across the globe and even provides cross-border shipment facilities as well. Their team comprises trained and experienced professionals and has rich industry expertise and promoters for more than two decades. Brace Port Logistics Limited’s holding company is a leading player in the air cargo industry in India. They aim to provide highly optimized and customized supply chain solutions to our customers with unified technology systems.
IPO Size: ₹24.41 crores
Shares Issued: 30.51 lakh shares (fresh issue)
Subscription Dates: August 19, 2024 - August 21, 2024
Price Band: ₹76 to ₹80 per share
Minimum Lot Size: 1600 shares
Lead Manager: Holani Consultants Private Limited
Registrar: Link Intime India Private Ltd
Market Maker: Holani Consultants
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Brace Port Logistics IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 25-08-2024 | 80 | 115.0 (144%) | 25-Aug-2024 12:20 |
| 24-08-2024 | 80 | 115.0 (144%) | 24-Aug-2024 13:20 |
| 23-08-2024 | 80 | 115 | 23-Aug-2024 14:00 |
| 22-08-2024 | 80 | 120 | 22-Aug-2024 14:00 |
| 21-08-2024 | 80 | 118.0 (148%) | 21-Aug-2024 12:50 |
| 20-08-2024 | 80 | 110.0 (138%) | 20-Aug-2024 14:10 |
| 17-08-2024 | 80 | 90.0 (113%) | 17-Aug-2024 13:10 |
| 16-08-2024 | 80 | 85 | 16-Aug-2024 13:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Brace Port Logistics IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
| Fresh Issue | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 8,250,000 |
| Shareholding post issue | 11,301,200 |
| Market Maker portion | 155,200 shares Holani Consultants |
Brace Port Logistics IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Brace Port Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Brace Port Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Brace Port Logistics IPO Promoter Holding
| Share Holding Pre Issue | 96.04% |
| Share Holding Post Issue |
Company & Financials
Incorporated in November 2020, Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy. The company also provides services such as Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivery of the same in other foreign countries and customs clearance services. The company has a strong network that serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables and automotive, both in India and globally. The company provides services to countries such as Germany, Vietnam, UAE, Hong Kong and Bangladesh. The company is certified in Quality Management Systems (ISO ISO 9001:2015), Environmental Management Systems (ISO 14001:2015) and Occupational Health and Safety Management Systems (ISO 45001:2015).
Brace Port Logistics Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,783.29 | 1,310.78 | 1,179.14 | 409.61 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,524.59 | 7,093.66 | 5,419.57 | 706.25 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 489.13 | 618.09 | 322.39 | 22.57 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,377.18 | 888.05 | 419.96 | 97.57 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 552.18 | 813.05 | 344.96 | 22.57 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 48.97 | 59.1 | 65.62 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 47.05% |
| Debt/Equity | 0.04 |
| RoNW | 35.52% |
| P/BV | 4.79 |
| PAT Margin (%) | 8.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.93 | 4.33 |
| P/E (x) | 13.49 | 18.48 |
Objectives of Brace Port Logistics IPO
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objectives:
- ● Funding the working capital requirements of the company
- ● General corporate purposes.
Brace Port Logistics IPO Review
The company is an emerging player in cargo logistics and related services. It has to its credit Ro-Ro deals that were handled for the first time by an Indian company. The company marked good progress in just four years of operations. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term.
FAQs for Brace Port Logistics IPO
-
What is the Brace Port Logistics IPO?
Brace Port Logistics IPO is an NSE SME IPO. They are going to raise ₹24.41 Crores via IPO. The issue is priced at ₹76 to ₹80 per equity share. The IPO is to be listed on NSE.
-
When will the Brace Port Logistics IPO open?
The IPO is to open on August 19, 2024, for QIB, NII, and Retail Investors.
-
What is Brace Port Logistics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Brace Port Logistics IPO Size?
Brace Port Logistics IPO size is ₹24.41 crores.
-
What is the Brace Port Logistics IPO Price Band?
Brace Port Logistics IPO Price Band is ₹76 to ₹80 per equity share.
-
What is Brace Port Logistics IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹128,000.
-
What is Brace Port Logistics IPO Allotment Date?
Brace Port Logistics IPO allotment date is August 22, 2024.
-
What is Brace Port Logistics IPO Listing Date?
Brace Port Logistics IPO listing date is August 26, 2024. The IPO to list on NSE SME.
-
What is the current GMP of Brace Port Logistics?
The current GMP of Brace Port Logistics is 115.0 (144%).
RHP:
RHP of Brace Port Logistics Limited IPO
DRHP:
DRHP of Brace Port Logistics Limited IPO
-
What is the Brace Port Logistics IPO?
Brace Port Logistics IPO is an NSE SME IPO. They are going to raise ₹24.41 Crores via IPO. The issue is priced at ₹76 to ₹80 per equity share. The IPO is to be listed on NSE.
-
When will the Brace Port Logistics IPO open?
The IPO is to open on August 19, 2024, for QIB, NII, and Retail Investors.
-
What is Brace Port Logistics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Brace Port Logistics IPO Size?
Brace Port Logistics IPO size is ₹24.41 crores.
-
What is the Brace Port Logistics IPO Price Band?
Brace Port Logistics IPO Price Band is ₹76 to ₹80 per equity share.
-
What is Brace Port Logistics IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹128,000.
-
What is Brace Port Logistics IPO Allotment Date?
Brace Port Logistics IPO allotment date is August 22, 2024.
-
What is Brace Port Logistics IPO Listing Date?
Brace Port Logistics IPO listing date is August 26, 2024. The IPO to list on NSE SME.
-
What is the current GMP of Brace Port Logistics?
The current GMP of Brace Port Logistics is 115.0 (144%).
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